What are bond ratings?
Posted by Canby Financial Advisors on Wed, 04/05/2017 - 12:31
Bond ratings are an essential tool when considering fixed-income investments. Ratings provide a professional assessment of credit risk, or the risk of default, which can be measured to some degree by analyzing the bond issuer's financial condition and creditworthiness.
Converting Retirement Savings to Retirement Income
Posted by Canby Financial Advisors on Wed, 04/05/2017 - 12:29
You've been saving diligently for years, and now it's time to think about how to convert the money in your traditional 401(k)s (or similar workplace savings plans) into retirement income. But hold on, not so fast. You may need to take a few steps first.
Evaluate your needs
What to Ask When Your Adult Child Moves Home
Posted by Christopher Gullotti, MSFP, CFP® on Wed, 03/01/2017 - 13:11
Facing heavy college debt burdens and an unpredictable job market, many young adults today are returning home to live with their parents. In fact, according to a recent study by the Pew Research Center, more than 32 percent of young adults lived with their parents in 2014—more than lived alone or with a spouse or partner.
401(k) Withdrawals: Beware the Penalty Tax
Posted by Canby Financial Advisors on Wed, 03/01/2017 - 13:09
You've probably heard that if you withdraw taxable amounts from your 401(k) or 403(b) plan before age 59½, you may be socked with a 10% early distribution penalty tax on top of the federal income taxes you'll be required to pay. But did you know that the Internal Revenue Code contains quite a few exceptions that allow you to take penalty-free withdrawals before age 59½?
Sometimes age 59½ is really age 55...or age 50
Encouraging a Culture of Philanthropy in your Business
Posted by Canby Financial Advisors on Wed, 03/01/2017 - 13:08
As a business owner, you are committed to serving the needs of many different stakeholders, including your customers/clients, business partners and investors, employees, vendors, and family members. And like many business owners, you may also be highly motivated to have an impact on the "greater good." The benefits of giving back are both tangible and intangible, but where do you begin? Start by fostering a culture of philanthropy within your business.
Understand the "triple bottom line" approach
To Pay or Not to Pay: How to Survive a Ransomware Attack
Posted by Christopher S. Borden, CRPS® on Tue, 02/14/2017 - 13:29
Imagine this: You open an e-mail that seems to come from Google, prompting you to click a link to reset your password. But when you click, a mysterious .exe file downloads and launches. Slowly, all the files on your desktop turn into white paper icons, and the names of all your files turn into scrambled nonsense.
What is happening here? Unfortunately, you’ve probably fallen victim to a ransomware attack.
The threat defined
Tax Tips for the Self-Employed
Posted by Canby Financial Advisors on Tue, 02/14/2017 - 13:27
Being self-employed has many advantages — the opportunity to be your own boss and come and go as you please, for example. However, it also comes with unique challenges, especially when it comes to how to handle taxes. Whether you're running your own business or thinking about starting one, you'll want to be aware of the specific tax rules and opportunities that apply to you.
Understand the self-employment tax
Quiz: How Much do you Know about Social Security Retirement Benefits?
Posted by Canby Financial Advisors on Tue, 02/14/2017 - 13:25
Social Security is an important source of retirement income for millions of Americans, but how much do you know about this program? Test your knowledge, and learn more about your retirement benefits, by answering the following questions.
1. Do you have to be retired to collect Social Security retirement benefits?
2. How much is the average monthly Social Security benefit for a retired worker?
How do I know which credit card rewards offer to choose?
Posted by Canby Financial Advisors on Tue, 01/10/2017 - 14:03
Credit card reward programs are more popular than ever. In order to keep up with such high demand in a competitive market, credit card companies are coming up with new and more enticing offers every day. How do you know which one to choose?
Growth, Value or Both
Posted by Canby Financial Advisors on Tue, 01/10/2017 - 14:01
The terms growth and value are often used to describe two different investment strategies, yet many investors may want both qualities in an investment. Famed investor Warren Buffett put it this way in a 2015 interview: "I always say if you aren't investing for value, what are you investing for? And the idea that value and growth are two different things makes no sense.... Growth is part of the value equation."1